Invested Advisors bought a new stake in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) in the third quarter, HoldingsChannel reports. The fund bought 12,448 shares of the network equipment provider’s stock, valued at approximately $852,000. Cisco Systems comprises 1.2% of Invested Advisors’ portfolio, making the stock its 22nd largest position.
A number of other hedge funds also recently modified their holdings of CSCO. Avantax Advisory Services Inc. raised its holdings in shares of Cisco Systems by 1.1% during the 2nd quarter. Avantax Advisory Services Inc. now owns 420,336 shares of the network equipment provider’s stock worth $29,163,000 after acquiring an additional 4,525 shares in the last quarter. Greystone Financial Group LLC bought a new position in Cisco Systems during the third quarter valued at $8,563,000. Drive Wealth Management LLC grew its stake in shares of Cisco Systems by 2.7% in the 2nd quarter. Drive Wealth Management LLC now owns 16,605 shares of the network equipment provider’s stock worth $1,152,000 after buying an additional 436 shares in the last quarter. Shell Asset Management Co. increased its stake in Cisco Systems by 53.3% during the second quarter. Shell Asset Management Co. now owns 77,234 shares of the network equipment provider’s stock worth $5,358,000 after acquiring an additional 26,840 shares during the last quarter. Finally, Guinness Asset Management LTD raised its stake in shares of Cisco Systems by 15.9% in the second quarter. Guinness Asset Management LTD now owns 4,389,728 shares of the network equipment provider’s stock valued at $304,451,000 after acquiring an additional 603,131 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.
Insider Buying and Selling at Cisco Systems
In other news, SVP Maria Victoria Wong sold 428 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $80.33, for a total transaction of $34,381.24. Following the transaction, the senior vice president owned 32,176 shares in the company, valued at $2,584,698.08. This represents a 1.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kristina M. Johnson sold 13,481 shares of the stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $77.13, for a total value of $1,039,789.53. Following the completion of the sale, the director directly owned 61,630 shares of the company’s stock, valued at $4,753,521.90. This represents a 17.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,044,865 shares of company stock valued at $81,397,635 in the last 90 days. Corporate insiders own 0.01% of the company’s stock.
Cisco Systems Price Performance
Cisco Systems (NASDAQ:CSCO – Get Free Report) last released its quarterly earnings results on Wednesday, November 12th. The network equipment provider reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.02. The company had revenue of $14.88 billion during the quarter, compared to the consensus estimate of $14.77 billion. Cisco Systems had a return on equity of 27.29% and a net margin of 18.38%.Cisco Systems’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 earnings per share. Cisco Systems has set its FY 2026 guidance at 4.080-4.140 EPS and its Q2 2026 guidance at 1.010-1.030 EPS. As a group, analysts predict that Cisco Systems, Inc. will post 3.04 earnings per share for the current fiscal year.
Cisco Systems Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, January 2nd. Cisco Systems’s dividend payout ratio (DPR) is 61.65%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on CSCO shares. Citic Securities raised their target price on shares of Cisco Systems from $75.00 to $90.00 in a research report on Monday, November 17th. President Capital dropped their price target on Cisco Systems from $90.00 to $88.00 in a research note on Wednesday, December 24th. Rosenblatt Securities increased their price target on shares of Cisco Systems from $87.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Wall Street Zen lowered shares of Cisco Systems from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Finally, HSBC boosted their price target on shares of Cisco Systems from $69.00 to $74.00 and gave the stock a “hold” rating in a report on Friday, November 14th. Sixteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Cisco Systems has an average rating of “Moderate Buy” and an average target price of $85.23.
View Our Latest Research Report on Cisco Systems
Cisco Systems Profile
Cisco Systems, Inc is a global technology company that designs, manufactures and sells networking hardware, software and telecommunications equipment. Its core business focuses on enabling enterprise and service-provider networks through products such as routers, switches, network security appliances and wireless systems. Over time Cisco has broadened its portfolio to emphasize software-defined networking, cybersecurity, cloud infrastructure and edge computing solutions that help organizations build and manage modern IT environments.
In addition to hardware, Cisco offers a growing range of software platforms and subscription services for network management, security, analytics and collaboration.
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